House Bill 2662 amends Chapter 402 of the Acts of 1901, specifically updating the role and responsibilities of the Mayor of the City of Lexington. The bill deletes the existing SECTION 10 and replaces it with new provisions that outline the Mayor's duties as the chief executive officer, including supervision of city affairs, presiding over Board meetings, executing laws and ordinances, and managing city budgets. Additionally, the Mayor is granted the authority to suspend employees for misconduct, with the option for those employees to appeal to the Board, whose decision will be final. The bill also establishes the Mayor's position as a full-time role and allows the Board to define additional functions and duties.

Furthermore, the Mayor will serve as a member of all boards and committees created by the Board, having a voice in discussions and the ability to cast a tie-breaking vote when necessary. The bill stipulates that it will only take effect if approved by a two-thirds vote of the legislative body of the City of Lexington, with the presiding officer responsible for certifying the outcome to the secretary of state. The act is designed to enhance the governance structure of the city and ensure effective leadership by the Mayor.